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AlyaAkram

Nasdaq100 in the face of a major resistance

Long
US 100 Index (TVC:NDQ)  
AlyaAkram Updated   
TVC:NDQ   US 100 Index
Trend Analysis Chart Patterns Technical Indicators NASDAQ 100 CFD NASDAQ 100 CFD nasdaq nasdaq100 sp500index nasdaqsignals S&P 500 (SPX500) DXY dxyshort
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trendanalysis chartpattern indicator ndx ndx100 nasdaq nasdaq100 sp500index nasdaqsignals spx500 dxy dxyshort
NASDAQ100 index is facing a strong resistance around 12,200 (represented in the 50-EMA) after rebounding from the broader weekly downward channel's lower boundary.

A confirmed breakout of the mentioned static resistance, will open the door for further +5.61% bounce (685 points) throughout the week to 12,885 level.
Comment:
The Nasdaq 100 index had strongly confirmed the breakout of the mentioned resistance 12,200.

Yesterday's close confirmed that the upcoming targets are valid on the short-term:
12,745
12,885
13,000
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